Global insurance driven by China
In 2016, China played a central role in the global growth of insurance. Out of the 158 billion USD additional premiums written in 2016, 73.7 billion USD came from China.
Estimated at 4.4%, global growth would be only 2.7% without the Chinese performance. Globally, the total premium volume for 2016 is estimated at 3846 billion USD. It is in life insurance that China stands out the most by achieving a 30% increase in premiums against 4.7% worldwide.
In non life insurance, the Middle Kingdom reported an increase of 9% in premiums, versus only 4% for the global market.
More news
